Even licence plates contribute to the feast of colour that is an Indian city. Private vehicles have plates with black characters on white; commercial ones, black writing on yellow; rental vehicles, yellow on black; prized diplomatic plates are white and blue. And in the past few months a fourth colour scheme has become a lot more common: white on green. That is the licence plate allocated to electric vehicles (evs), and they are suddenly everywhere—especially in the form of two- and three-wheelers.
Say the words “electric vehicle” and racy images of Tesla and its boss Elon Musk spring to Western minds. But outside rich countries, especially in India, the two-wheeler is the chariot of the middle classes. More than 70% of all vehicles on Indian roads are two-wheelers, chiefly scooters and motorcycles. Three-wheeled autorickshaws (which foreign tourists insist on calling “tuk-tuks”) make up another 10%. These two categories accounted for 92% of evs registered in India last year.
Saietta Group plc (LON:SED) is a multi-national business which designs, engineers and manufactures complete Light Duty and Heavy Duty electric drive (eDrive) systems for electric vehicles on land from scooters to buses (vehicle categories L, M, N and T) as well as marine applications.
